First Home Owner Grant Victoria 2026: The Complete Guide
Everything Melbourne first home buyers need to know about the Victorian First Home Owner Grant, stamp duty concessions and federal schemes in 2026.
What is the First Home Owner Grant (FHOG)?
The Victorian First Home Owner Grant is a one-off payment of $10,000 for eligible first home buyers who buy or build a brand-new home valued up to $750,000. It does not apply to established (previously lived-in) homes.
Am I eligible?
To qualify in Victoria you generally must:
- Be a natural person (not a company) aged 18+
- Be an Australian citizen or permanent resident (at least one applicant)
- Never have owned property in Australia before
- Live in the home as your principal place of residence for at least 12 months, starting within 12 months of settlement
- Buy a new home (never sold or occupied as a residence before) valued at $750,000 or less
Stamp duty concessions (often worth more than the grant)
Victorian first home buyers also get valuable stamp duty (land transfer duty) relief:
- Full exemption for homes valued up to $600,000
- Sliding-scale concession for homes valued $600,001–$750,000
On a $600,000 purchase, this can save you well over $15,000 — more than the FHOG itself.
The federal First Home Guarantee
Separately, the Commonwealth First Home Guarantee lets eligible buyers purchase with as little as a 5% deposit without paying Lenders Mortgage Insurance (LMI) — the government guarantees the rest. Places are limited each financial year.
How Finance Wealth helps
Grants and concessions are only half the picture — you still need a loan that actually gets approved. As your Melbourne mortgage broker we:
- Confirm which grants and concessions you qualify for
- Structure your application to maximise borrowing power
- Match you to the right lender from our panel of 60+
- Manage the paperwork through to settlement
Ready to buy your first home in Melbourne? Book a free consultation and we'll map out your grants, deposit and loan strategy in one sitting.
This article is general information only and does not constitute credit or financial advice. Grant rules change — always confirm current eligibility. Your complete financial situation will need to be assessed before acceptance of any proposal or product.